Novalume has been part of the sponsors of this years’ Do! Smart City edition, the most important event regarding Smart Cities in Chile. During the event, Novalume showcased and introduced LUMINTELL™ Smart City and Lighting Management system to officials and key players in the Smart City and Lighting industry.

Important Reduction of Energy consumption, Maintenance Costs and CO2 Emissions

It is forecasted that 70% of the world’s population will live in cities by 2050 (United Nations, 2014). To face the challenges that this entails, a sustainable and a smart development of cities becomes crucial. With LUMINTELL™, municipalities can today reduce their energy consumption and CO2 emissions by up to 75%. Besides, the modularity of the system, with Smart Data from sensors, enables Novalume to design a LUMINTELL™ network to the exact requirements and objectives of the client: from improving security to energy savings and sustainability.

“Pay-as-you-save“ Financing Plan

However, what attracted attention the most in the event was our business model with no initial investment needed for the Smart City upgrade with LUMINTELL™ Smart City System. Our “pay-as-you-save” financial model allows municipalities to pay their new Smart City Lighting solutions with a part of the savings the solution generates, freeing up capital that can be invested elsewhere.

We look forward to participate to the next edition of Do! Smart City!

ABOUT THE EVENT

The third edition of the event was a huge success and it gathered around 1,000 attendees from all over the world. According to Do! Smart City’s Director, Lorena Santana: “The aim of this event is to integrate in a single instance the four cornerstones of Smart Cities: authorities, companies, academics and citizens, in order to analyze the initiatives related to their development and generate solutions to the problems that cities and citizens are currently facing”. More info about the event here: https://dosmartcity.cl/

ABOUT NOVALUME

Novalume is an innovative Danish company that works towards greener and smarter lighting solutions for municipalities around the world. Thanks to its “Pay-as-you-save“ financial model, Novalume is able to deliver complete Smart City Lighting solutions that make investing in LED and Smart City technology pay for itself –from day one. No upfront investment is needed, your savings pay for your Smart City upgrade! Learn more here: novalu.me